Historic Canadian dollar Lao kip

Canadian dollar lao kip history for February 2024. The highest quote for this month is 15442 (17/02/2024) and the lowest 15444.3 (17/02/2024). The difference between high and low is -0.01.

CAD LAK average rate for February 2024 is 15379.82963, the change between 01/02/2024 and 29/02/2024 is +1.42 %.

01 February 20241 CAD = 15388.30 LAK
02 February 20241 CAD = 15482.30 LAK
03 February 20241 CAD = 15404.20 LAK
04 February 20241 CAD = 15415.60 LAK
05 February 20241 CAD = 15385.50 LAK
06 February 20241 CAD = 15209.40 LAK
07 February 20241 CAD = 15401.10 LAK
08 February 20241 CAD = 15441.20 LAK
09 February 20241 CAD = 15438.30 LAK
12 February 20241 CAD = 15290.60 LAK
13 February 20241 CAD = 15451.20 LAK
14 February 20241 CAD = 15332.70 LAK
15 February 20241 CAD = 15370.80 LAK
16 February 20241 CAD = 15462.00 LAK
17 February 20241 CAD = 15442.00 LAK
18 February 20241 CAD = 15437.40 LAK
19 February 20241 CAD = 15301.80 LAK
20 February 20241 CAD = 15275.40 LAK
21 February 20241 CAD = 15382.50 LAK
22 February 20241 CAD = 15418.20 LAK
23 February 20241 CAD = 15439.80 LAK
24 February 20241 CAD = 15425.40 LAK
25 February 20241 CAD = 15436.80 LAK
26 February 20241 CAD = 15263.30 LAK
27 February 20241 CAD = 15411.80 LAK
28 February 20241 CAD = 15378.70 LAK
29 February 20241 CAD = 15169.10 LAK

01/01/2021: Digitalization of the kip

The Bank of the Lao PDR introduced digital payment systems and promoted cashless transactions to modernize the use of the kip in the digital era.

07/11/2013: Change in banknote design and security features

The Bank of Canada introduced new polymer banknotes with enhanced security features and redesigned motifs, replacing the paper-based notes in circulation since 1935.

14/10/2013: Kip exchange rate liberalized

Laos liberalized its exchange rate regime, allowing the kip's value to be determined by market forces, leading to fluctuations in its value.

02/07/1997: Lao kip devalued

Amidst the Asian financial crisis, the Lao government devalued the kip by approximately 20% against the US dollar.

02/05/1980: Revaluation of the kip

The Lao government initiated a revaluation of the kip, resulting in the exchange rate of 1 new kip to 100 old kip.

02/12/1976: Kip becomes the sole legal tender

The Lao kip was declared as the sole legal tender in Laos, replacing the use of other currencies within the country.

15/08/1971: Canada switches to a floating exchange rate

Canada abandoned its fixed exchange rate system and adopted a floating exchange rate, allowing the value of the Canadian dollar to fluctuate in response to market forces.

01/01/1952: Currency reform

Laos implemented a currency reform that replaced the French Indochinese piastre with the new kip, at an exchange rate of 100 new kip to 1 old piastre.

01/03/1950: Introduction of the Canadian dollar's decimalization

Canada adopted a decimal currency system, dividing the dollar into 100 cents, replacing the previous system based on pounds, shillings, and pence.

12/10/1945: Lao kip introduced

The Lao kip was first introduced as the official currency of Laos following the country's liberation from French colonial rule.

01/01/1933: Currency depreciation during the Great Depression

The Canadian dollar experienced significant depreciation during the Great Depression due to economic uncertainty and a decrease in international trade.

02/01/1914: Introduction of the Canadian Dollar Act

The Canadian Dollar Act established the Canadian dollar as the sole currency of Canada and gave the government control over its issuance.

01/01/1858: Introduction of the Canadian dollar

The Canadian pound was replaced by the Canadian dollar as the official currency of Canada, helping to unify the currency across the country.

01/01/1841: Introduction of the Canadian pound

The first Canadian currency was the Canadian pound, which was introduced to replace British pounds in the Province of Canada.
CAD LAK July 2023
CAD LAK August 2023
CAD LAK September 2023
CAD LAK October 2023
CAD LAK November 2023
CAD LAK December 2023
CAD LAK January 2024
CAD LAK February 2024
CAD LAK March 2024
CAD LAK April 2024
CAD LAK May 2024
CAD LAK June 2024
CAD LAK July 2024